I don't believe that pitchfork is drawn correctly

Cable Update (GBPUSD)

Oh baby take out 51.... Thank goodness I left that short open, was gonna close.

Cable Update (GBPUSD)

It is in our DNA to feel safe in numbers as to not face danger alone. If the whole speculative crowd is saying, now for example, bearish US dollars, dollar will depreciate more, then we feel safe selling USD (going long GBP/USD). If its something to ...

Cable Update (GBPUSD)

That was in part what I was trying to say. To be honest, I am trying to steer myself away from news and I only focus on major headlines from reliable sources (bloomberg, reuters, forbes etc.). Othewise, I trade both directions and hold a positions ...

Cable Update (GBPUSD)

haha ya that's true .. too many beers earlier .. it's a long weekend in Canada

Cable Update (GBPUSD)

G/J analysis in the G/J thread please

Cable Update (GBPUSD)

If everyone is bearish, you should get bullish. I've been doing reading too, and if the pundits, or everyone, are bearish, this indicates an extreme in sentiment and warns of a possible reversal. They are bearish now after the dollar has been ...

Cable Update (GBPUSD)

Everyones system/trading styles will be different. That being said, you need to find what works for you. I dont use gartleys, I leave that to Inzider! hah The simplest of all trading systems is learning how candles are made and also being able to ...

Cable Update (GBPUSD)

Also, read this book. Youll be glad you did. It's a perfect example of how the news means absolutely nothing, and the sentiment of traders is what matters. Sentiment in the Forex Market Indicators and Strategies To Profit from Crowd Behavior and ...

Cable Update (GBPUSD)

I believe USD will regain strength again. And I also see the DOW coming back down to re-test lows before deciding what to do.

Cable Update (GBPUSD)

The DOW has formed, broken and retested the neckline of a H/S on the 1-hour chart, and its near making a new low for today.

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Ya that move up occurred at a random time. Probably was the institutional guys running off stops and also trying to get people to buy into their selling. My position is finally playing out.. +112 current.

Cable Update (GBPUSD)

Banda are u involved in healthcare? I start medical school this fall.

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I'm still set on seeing it play out.

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I dont care what it does. I want money! And last week it had two heads, looked suspicious from the start. Speculating that it will occur is perfectly fine. Place a large bet on it is where you get in trouble.

Cable Update (GBPUSD)

Oh well thanks! The pound likes head and shoulders, if you look at the hourly chart. And there was still stronger resistance levels above 5150.

Cable Update (GBPUSD)

The worse than expected GDP from germany should lead to drops in the equities in London and the DOW this morning... Risk aversion time. DOW correction, bearish G/U. Would be nice. Bed time, short still from 5240.

Cable Update (GBPUSD)

Ah gotcha. Well holding through all this would have made me shit my pants lol but good for you getting another off at 53. You must be at or near break even?

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And are you trying to make a point about it??

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From what price? Was that 5150?

Cable Update (GBPUSD)